The price of oil and economic sanctions have panicky Russian consumers rushing to buy whatever they can as the ruble loses its value, but at today's three-hour, end-of-the-year news conference, Vladimir Putin said, not to worry: the crisis will only last a couple of years. He blamed the US and Europe, said the Russian bear won't be chained up -- saying he was referring to nuclear weapons.
We look at what might be in store for Ukraine and at the role of Saudi Arabia in Russia's economic decline.